2023 Farm Bill Dynamics A Farm Foundation session today perusing the dynamics of writing the 2023 Farm Bill had several key takeaways: Political Dynamic: The number of diverse interest groups seeking involvement in the development of this legislation over the years has continued to expand. At the same time, production agriculture’s share of farm bill expenditures has shrunk to just 15 percent as domestic food assistance now dominates outlays. U.S. House members representing predominantly farming districts has shrunk as a share of the Congress. Climate Change/Conservation: There is immense interest in making agriculture more environmentally friendly. Farm groups are copasetic with the goal but demand it be based on incentives...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.